PM Forms 2 Ministerial Committees to Settle Investment Disputes

PM Forms 2 Ministerial Committees to Settle Investment Disputes

Prime Minister Mostafa Madbouly has mandated the formation of two ministerial committees for settling different investment disputes, Invest-Gate reports.

The decision stipulates that the first committee, competent to contract conflict settlement, will be headed by Mabdouly, while involving the justice, industry, finance, public enterprises ministers, alongside other ministerial officials, according to a Cabinet statement on December 27.

The second committee, however, is prerogative to the resolution of investment conflicts. Minister of Justice Omar Marwan will be in charge of management and operations, in cooperation with the finance, local development, industry, and housing ministers.

On another note, Madbouly restructured the Cabinet economic group to give the head of the General Authority for Investments (GAFI) a seat at the table, wherein regular weekly meetings will be held with the investors to discuss all challenges facing them, the Cabinet announced in a previous statement.

The group, which is led by the prime minister, is now comprised of the central bank governor, the ministers of planning and economic development, finance, industry, and public enterprises, along with GAFI’s head, the statement noted.

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